Midwest Farmland Values Stay High in Third Quarter Despite Drought

Midwest Farmland Values Stay High in Third Quarter Despite Drought

According to the most recent AgLetter, Seventh District farmland values in the third quarter of 2012 were 13 percent higher than a year earlier, despite the effects of the drought. The value of “good” agricultural land in the third quarter of 2012 was 5 percent higher than in the second quarter. Read more. Download this article.

On November 27, 2012, the Federal Reserve Bank of Chicago will hold a conference to examine trends in farmland leasing and analyze various types of leases, within the context of recent increases in farmland values and this year's drought. For more details, including the agenda, and to register, go to www.chicagofed.org/webpages/event/2012/agriculture_conference.cfm.

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